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HDFC to raise up to Rs 2,000 crore

The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14, 2021

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 2,000 crore by issuing debt securities on a private placement basis to augment its long-term resources. The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14, 2021 and closes on the same day.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.